Motorola profits up thanks to mobile sales
Jul 19 2005 - 05:01 PM ET | Motorola
Reversing a
trend of
lower profits by mobile phone makers, Motorola today announced earnings of $933 million for the second quarter of 2005. This compares to a net loss of over $200 million for the same quarter a year ago.
Rapid sales of handsets like the RAZR V3 have helped fuel Motorola's recovery. During the second quarter Motorola shipped 33.9 million handsets. That's almost 10 million more units than Samsung shipped, despite the two companies being very close in sales over the past several quarters.
More data:
* $4.9 billion in revenue from wireless division
* 18.1% global market share in mobile phones, solidly the #2 player (behind Nokia)
Motorola is expected to unveil the first iTunes compatible mobile phone later this month.
